Bitcoin Treasury Company Funds AI Data Center with $1.2 Billion Revenue Projections
Hyperscale Data, described as a Bitcoin treasury company, has sold approximately 100 BTC and utilized part of its cryptocurrency reserves to fund its AI data center in Michigan.
The company took out a credit facility backed by the remaining BTC holdings as collateral. According to projections, if all AI data center service contracts are extended, cumulative revenue is expected to exceed $1.2 billion.